Important elements of an internal control system for cash disbursements include each of the following except:

Question

Quizplus · Accepted Answer

The same person who prepares and signs a check should not also be the person who records it in the proper journal. This would create a lack of segregation of duties, which is an important control to prevent fraud and errors. Instead, the person who prepares and signs the check should hand it over to another person who is responsible for recording it in the appropriate journal.

Important Elements of an Internal Control System for Cash Disbursements